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China bolsters defence of overseas EV sales against US, EU counterpunches
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Finnish Minerals and Beijing Easpring plans for joint cathode materials production
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Finnish Minerals Group and Beijing Easpring to form JV company to advance €774M CAM plant project
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Easpring signs 8-year contract to buy nickel, cobalt raw materials from Lygend subsidiary Chinese battery raw material supplier Beijing Easpring Material Technology Co has inked a deal with Indonesia s Halmahera Persada Lygend (HPAL) for an eight-year supply of nickel and cobalt beginning in 2021. “Nickel and cobalt [resources] have becoming more and more important amid robust demand following strong sales of new energy vehicles (NEVs) globally… and the deal will help us secure a sufficient supply of raw materials to meet growing demand,” the company said in a filing to the Shenzhen Stock Exchange on Thursday February 4.
The supply contract specifies eight-year totals for battery-grade nickel raw materials between 43,200 tonnes and 149,040 tonnes and cobalt by-products between.